BTO 2015 - Until it sleeps - Ecaterina Paun
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Transcript of BTO 2015 - Until it sleeps - Ecaterina Paun
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Until it sleeps
1
Ecaterina Paun protel hotelsoftware GmbH
Head of User Experience
#BTO2015 @buytourism @katePfau
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#1
#BTO2015 @buytourism @katePfau
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You labelled me
3 #BTO2015 @buytourism @katePfau
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4
Small or Big Individual or Group Family or Business Spa or Sport or City or … Hotel or Hostel or Villa or ... .de or .uk or .it or …
Hotels are different
#BTO2015 @buytourism @katePfau
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…but they all want
More revenue Less commissions
More data
5 #BTO2015 @buytourism @katePfau
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6 #BTO2015 @buytourism @katePfau
#2
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I'll label you
7 #BTO2015 @buytourism @katePfau
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8 #BTO2015 @buytourism @katePfau
Travelers are different
Single or Family Business or Leisure Relaxed or AcSve Young or Mature or Senior UK or RU or US or … = different preferences
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…but they all want
9 #BTO2015 @buytourism @katePfau
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10 #BTO2015 @buytourism @katePfau
#3
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So I dub thee unforgiven
11 #BTO2015 @buytourism @katePfau
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Booking is geZng considerably more complex And more expensive
Data in the travel industry is exploding. The way that users are engaging with the Internet changing
We are moving from a single device pull world to a mulS-‐device push world
12 #BTO2015 @buytourism @katePfau
Technologically speaking
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13 #BTO2015 @buytourism @katePfau
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14 #BTO2015 @buytourism @katePfau
for Forbes, Steve Peterson, IBM Ins8tute for Business Value
“… but most of the Sme I prefer my travel experience the way I like my morning coffee: consistent, effortless, and predictable ”
Psychologically speaking
“95% of Guests believe hotels will look to new tech to really personalize customer experience” #IHTF2015, Jeremy Ward, Chief Opera8ng Officer, iRiS SoNware Systems Ltd
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15 #BTO2015 @buytourism @katePfau
Marc Rosenberg, president STRATACONNEX
“In airlines, I charge a low price and then charge up. In hotels, I pay the lowest price and get everything. Where’s the logic in that? ”
Logically speaking
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16 #BTO2015 @buytourism @katePfau
Bonnie Buckhiester, president and CEO of Buckhiester Management,
“We have to move away from the room-‐centric approach … It’s not all about rooms. ”
Economcally speaking
“The industry is moving from a focus on RevPAR to profitability metrics.” Sanjay Nagalia, co-‐founder IDeaS
“Instead of opSmizing for revenue, a hotel needs to opSmize for profit” Amar Duggasani, Chief strategy officer, Rainmaker
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17 #BTO2015 @buytourism @katePfau
2015
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18 #BTO2015 @buytourism @katePfau
Sebas8en Gibergues, Head of leisure online and travel, Amadeus IT Group
“Merchandising in the travel industry is fast becoming a mandate for all players in the supply chain. Airlines are implemenSng, online travel agencies (OTAs) are adopSng and travelers are benefiSng. By all measures, you could call 2015 the year of adopSon for merchandising.”
2015 the year of adoption for merchandising
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beware, there’s things inside without a care
19 #BTO2015 @buytourism @katePfau
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20 #BTO2015 @buytourism @katePfau
Ancillaries
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Exit: night Enter: light
Take my hand We're off to never never land
21 #BTO2015 @buytourism @katePfau
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1. New & old ancillary revenue on hotels’ doorsteps 2. AdopSon 3. AnalyScs 4. Best pracSces
#BTO2015 @buytourism @katePfau 22
>
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Food and beverage Room services Room upgrades Spa & Beauty Sports and health faciliSes Retail Tours, experiences and packages TransportaSon services MeeSngs, IncenSves, Conferencing, and ExhibiSons (MICE) Custom, hotel-‐by-‐hotel services & experiences
23 #BTO2015 @buytourism @katePfau
New & old ancillary revenue on hotels’ doorsteps
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Food and beverage RomanSc dinner/lunch Breakfast/Coffee/Aqernoon tea/Cocktail not included into the room price Midnight snack All-‐inclusive, demi-‐pension Self-‐service bars and vending machines
Room services
In-‐room borle of wine/alcoholic drinks/basket of fruits/etc, WiFi In-‐room entertainment Laundry and same-‐day dry cleaning services Upgraded beauty products such as name-‐brand shampoo, condiSoner, oils and cleansers; Affordable Minibars
24 #BTO2015 @buytourism @katePfau
Ancillary services & products
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Room upgrades
Spa& Beauty Spa treatments, Massages and facials; Hair /beard/nails salon
Sports and health faciliSes Golf, Fitness Sport equipment/faciliSes (ski equipment, ski passes, tennis rentals, bikes, Segway, etc) Personal trainers
Retail
25 #BTO2015 @buytourism @katePfau
Ancillary services & products
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Tours, experiences and packages Guided tours & acSviSes Event Sckets
TransportaSon services
Car rentals Pick-‐up service Parking
MeeSngs, IncenSves, Conferencing, and ExhibiSons (MICE)
26 #BTO2015 @buytourism @katePfau
Ancillary services & products
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Hotel in Ljubljana: Personal shopper Shopping adviser 1-‐day shopping experience: personal shopper, car & driver & …
Sea-‐side /Beach
Instant photo Sand & water equipment for children
Baby & Child care
27 #BTO2015 @buytourism @katePfau
Ancillary services by hotel
<
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28 #BTO2015 @buytourism @katePfau
Adoption
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Good day to be alive sir
29 #BTO2015 @buytourism @katePfau
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30 #BTO2015 @buytourism @katePfau
Detour: Airline Ancillary Revenue
2015, SkiN / IdeaWorks Company
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31 #BTO2015 @buytourism @katePfau
Detour: Airline Ancillary Revenue
Ancillary revenue : 34.9% of total revenue Ancillary revenue / passenger USD33.41
Luggage (hand luggage, too) Seats Priority boarding Food & Beverages Desk check-‐in Flex Transport Merchandiser
Wizz Discount Club (2 /5) Wizz Privilege Pass
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Give me fuel Give me fire
Give me that which I desire
32 #BTO2015 @buytourism @katePfau
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#BTO2015 @buytourism @katePfau 33
2013, SkiN / Monetate
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#BTO2015 @buytourism @katePfau 34
2013, SkiN / Monetate
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Segmentation
10% -‐ 20% of travelers are not at all interested in purchasing ancillary products 83% of millennials value personalizaSon For 85% of travelers a customized iSnerary is far more appealing than a pre-‐packaged one Luxury travelers make up to 18 purchases prior to a trip at an average spend per purchase of $184.55
95% of guests believe hotels will look to new tech to really personalize customer experience
#BTO2015 @buytourism @katePfau 35
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And it feels right this Sme
36 #BTO2015 @buytourism @katePfau
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37 #BTO2015 @buytourism @katePfau
OTAs
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Turn around, found new high lights
38 #BTO2015 @buytourism @katePfau
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Trends in hotel ancillary revenue
% of hotels that make up to 10% of revenue derived from ancillaries? 40%
% of hotels that make up to 25% of revenue derived from ancillaries?
65%
? EURO /bed in ancillary revenue is earned by an average establishment 200 Euro
39 #BTO2015 @buytourism @katePfau
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Trends in hotel ancillary revenue
#BTO2015 @buytourism @katePfau 40
6%
15%
19%
25%
29%
6%
% of total revenue is derived from ancillaries
0-‐2% 2-‐5% 5-‐10% 10-‐25% 25-‐50% 50% +
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Trends in hotel ancillary revenue
% of revenue managers looking to invest into ancillaries during 2015: 57% +
% of revenue managers not interested to invest into ancillaries during 2015:
12% +
41 #BTO2015 @buytourism @katePfau
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Trends in hotel ancillary revenue
#BTO2015 @buytourism @katePfau 42
2% 11%
30%
41%
16%
“We will increase our investment into ancillaries in the next 12 months.”
Disagree strongly Disagree
Neither agree nor disagree Agree
Strongly agree
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Trends in hotel ancillary revenue
% of revenue from bed sales? 78%
% of revenue from food and beverage?
16% % of revenue from remaining ancillaries?
6%
43 #BTO2015 @buytourism @katePfau
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Trends in hotel ancillary revenue
#BTO2015 @buytourism @katePfau 44
78%
16%
6%
Sources of revenue /average establishment
Bed Food & Beverages Other
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#BTO2015 @buytourism @katePfau 45
Careful what you wish Careful what you say
Careful what you wish, you just might get it
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When to sell ancillaries?
46 #BTO2015 @buytourism @katePfau
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When to sell ancillaries?
47 #BTO2015 @buytourism @katePfau
<
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48 #BTO2015 @buytourism @katePfau
Analytics
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#BTO2015 @buytourism @katePfau 49
I'm your truth, telling lies I'm your reasoned alibis
I'm inside open your eyes Sad but true
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#BTO2015 @buytourism @katePfau 50
Customer & revenue analyScs
Guest profile data
Guest’s preferences
Loyalty membership
ReservaSons
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Data
Monitoring ancillary parerns Does your the PMS/RMS track ancillary services/products? Do you collect data related to ancillary spend?
What kind of product is being consumed The way it is being consumed Frequency, pace, price
Staffing Are you able to provide the services pushed through sales?
MarkeSng AdverSsement IncenSves Metrics
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& Learning
We need the data to make decisions
Innovate in collecSng the data Consider progressive data gathering Data from loyalty program memberships Provide guests with bonus points
OpSmizaSon on ancillary offers is not automated (yet)
Start with fixed prices A/B tesSng
Consider ancillary sales as entry point for selling the room?
#BTO2015 @buytourism @katePfau 52
<
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53 #BTO2015 @buytourism @katePfau
Best practices
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#BTO2015 @buytourism @katePfau 54
Speak the words I want to hear, to make my demons run
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Maximizing revenue from ancillary services
Sell ancillaries on direct booking Creates a personalized shopping experience
OpSmize ancillary sales to reclaim traffic from OTAs
Use data generated by booking with an OTA to cross-‐sell ancillaries (email, phone) Use data gathered aqer 1st stay (OTA-‐driven) to create brand loyalty
Use mobile friendly websites Avoid price manipulaSon based on device/screen detecSon
Train staff accordingly
Use social media to distribute last-‐minute ancillary offers
Beware of overcharging for essenSal items – like WiFi and minibars
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Maximizing food and beverage revenue
Correlate restaurants & bars prices with rooms prices
Be consistent: quality of services = rooms quality
Theme hotel?
OpSmize menus: high-‐season prices vs low-‐season prices
Know your local market
Affordable minibars
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Maximizing spa revenue
Luxury Do not offer discounts (not even in low-‐seasons) ? Increase price in high-‐season
Dynamic pricing – the treatments with the highest profit margins are being offered during peak hours
Consider in-‐room treatments for low profit margins treatments to keep your treatment rooms free for high-‐profit treatments
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Maximizing event revenue
Know your Revenue Per Available Square Foot ?
Calculate your revenue from renSng the space
Calculate your ancillary revenue from: Food & beverage Rooms sold Spa & wellness sold Pickup/parking sold
#BTO2015 @buytourism @katePfau 58
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Maximizing revenue from tours & experiences
Commissions generated by Cross-‐selling services from an extern Cross-‐selling local experiences (trip4real.com, etc)
NegoSate at least 24h cancellaSon
Recommend & sell only services from quality providers
Target millennials first (82% parScipated in a live experience in 2014)
#BTO2015 @buytourism @katePfau 59
<
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60 #BTO2015 @buytourism @katePfau
Takeaways
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Takeaways
Room-‐centric approach => HolisSc approach (managing inventories)
Ancillary = Transparency
Ancillary = PersonalizaSon
Ancillary = Experience
People remember great experiences more than they remember great savings over Sme
61 #BTO2015 @buytourism @katePfau
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#BTO2015 @buytourism @katePfau 62
Wherever I may roam The memory remains
& Nothing else matters
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Thank you!
63 #BTO2015 @buytourism @katePfau
Ecaterina Paun @katepfau
linkedin.com/in/katepfau
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Enumerative bibliography
10 recommendaSons to get hotel ancillary revenues rolling in 2015 eyefortravel.com 2014 Airline Ancillary Revenue AcSvity Surpasses $38 Billion, Up Nearly 21 Percent IdeaWorks/cartrawler American Express Survey Finds Travelers Want High-‐Tech, High-‐Touch travelpulse.com Ancillary revenue report series 2012 Amadeus Ancillary revenues in some sectors of the tourist industry Renata Imbruglia, Sapienza Università di Roma Ancillary Revenues in the Airline Industry: Impacts on Revenue Management and DistribuSon Systems Eric Hao, B.S., University of California, Berkeley Ancillary Revenues in the Hospitality Industry eyefortravel.com Beyond Rooms and Rates: Packaging and PromoSng Ancillary Revenue Streams hotelexecuSve.com Cross-‐Sell Your Way To Profit Amadeus Discovering new ancillary revenue on hotels’ doorsteps hospitalitynet.org
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Enumerative bibliography
Fear, loathing, and category killers: A chat about hotel distribuSon and merchandising tnooz.com Hotel Ancillary Revenue in Europe phocuswright.com Hotel ancillary revenue model quesSoned hotelnewsnow.com HOTELS MUST CREATE MORE ANCILLARY PRODUCTS TO MAXIMIZE REVENUE GROWTH VIA @HOTELMARKETING & @PHOCUSWRIGHT jlnpr.wordpress.com How to Arract the Millennial Hotel Guest skiq.com How to EsSmate Ancillary Revenue for a Hotel smallbusiness.chron.com trip4real.com Interview: Preferred Hotel Group CEO on AdapSng to Consumer Habits skiq.com The drive to merchandise: now is the Sme for online travel agencies tnooz.com Top 10 Things You Need to Know About Ancillary Revenue and Airlines IdeaWorks/cartrawler Youth travel beginning to bed down ancillary sale tnooz.com
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